SCHEDULE 5 Pause Orders: Northern Ireland
Pension Schemes Act 2021 (2021 c 1) | Legislation

SCHEDULE 5 Pause Orders: Northern Ireland

Section 95

Consequences of a pause order

1

(1)     If a pause order is made in relation to a collective money purchase scheme, any action taken in contravention of the order is void, except to the extent that the action is validated by an order under paragraph 3.

(2)     If a pause order contains a direction under section 95(5)(b) that no further payments (or no further payments of a specified description) are to be made towards a scheme during the period for which the order has effect—

(a)     any payments that are the subject of the direction and would otherwise be due to be made towards the scheme during that period are to be treated as if they do not fall due, and

(b)     any obligation to make those payments (including any obligation under Article 49(8) of the Pensions (Northern Ireland) Order 1995 (SI 1995/3213 (NI 22)) to pay amounts deducted corresponding to such payments) is to be treated as if it does not arise.

(3)     If a pause order contains a direction under section 95(5)(d) (no payment of benefits or benefits of a specified description under the scheme rules) and

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